Why Do You Need a Family Health Insurance Plan?
Rather than buying multiple individual health insurance policies, securing your loved ones under a family health insurance plan can save you the stress of paying multiple premiums and choosing various policies. Here are a few things that a mediclaim insurance policy for a family offers:
Shield Against Healthcare Inflation
Even a single hospital stay can cost lakhs and drain your household savings. A health insurance with family coverage lowers the financial burden by covering medical treatment, doctor’s consultations, medications, etc.
Protection From Lifestyle Diseases
Lifestyle diseases are the new normal. However, benefits such as annual health check-ups can prevent the worsening of issues and keep you and your loved ones safe.
Affordable Healthcare & Financial Security
Getting a medical insurance for family at an early age saves you from hefty medical bills while lowering the premium rates. The EMI option makes premium payments more accessible and budget-friendly.
Facilitates Cashless Hospitalisation
In the face of a constant financial crunch, medical bills are best paid through a cashless facility under medical insurance for family. Especially when living with a family, cashless claims help you focus on recovery.
Relief Amid Chronic Illnesses
Over 20% of Indians suffer from chronic conditions like cancer, heart ailments, diabetes, etc. Family health insurance coverage helps you bear the treatment costs of prolonged illnesses and treatments.
How Does Family Medical Insurance Work?
Family medical insurance is a comprehensive health insurance plan that provides coverage for your entire family under a single policy, rather than purchasing separate plans for each member. A family health insurance plan is a shared wallet for health expenses. Finding the best health insurance policy for family means choosing a plan that balances coverage, cost, and convenience.
Shared Sum Insured
There is a single Sum Insured for all, which is shared by all insured family members. You get one combined Sum Insured that all members can use, based on who needs it and when. It’s practical, flexible, and usually more affordable under mediclaim for the family.
Example
Let’s say a family of four (two adults and two children) buys a health insurance policy with a Sum Insured of ₹10 lakh. A few months into the policy year, one adult is hospitalised and the treatment costs ₹3 lakh. The policy covers the expense, and the remaining coverage is now ₹7 lakh.
Later in the same year, one child needed medical care costing ₹2 lakh. This is again covered under the same policy, and now the balance Sum Insured is ₹5 lakh. The remaining ₹5 lakh can be used by any of the insured family members if any health issue arises within the same policy year.
Premium
You pay one premium annually (or in EMIs), which is lower than buying individual policies for each person. Read the waiting periods & exclusions carefully, and renew the policy on time to avoid losing benefits.
Features of Our Top Family Health Insurance Plans
Secure Your Family’s Wellbeing with Advanced Health Coverage When it comes to protecting your loved ones, opt for health insurance for family that offers more than just basic coverage. Care Supreme and Ultimate Care are advanced family health insurance solutions that combine wide-ranging benefits with smart savings and wellness support. Discover what sets these plans apart:
KEY FEATURES |
Care Supreme Family Plan |
Ultimate Care Family Plan |
Sum Insured Options |
5L*/7L/10L/15L/25 L/ 50 L/1 Cr |
5L/7L/10L/15L/20L/25 L/ 50 L/1 Cr |
Cumulative Bonus |
50% of base SI per year, irrespective of claim, max up to 100% |
50% of base SI per year, irrespective of claim, max up to 100% |
Unlimited Automatic Recharge |
Up to SI |
Up to SI |
In-Patient Care |
Up to SI |
Up to SI |
Day Care Treatment |
All Day Care Procedures |
All Day Care Procedures |
Pre-Hospitalisation Medical Expenses |
60 days |
60 days |
Post-Hospitalisation Medical Expenses |
180 days |
90 days |
AYUSH Treatment |
Up to SI |
Up to SI |
Ambulance Cover |
Up to Rs 10,000 per year for SI < 15 Lakhs & Up to SI for Policy SI >= 15 Lakh for road ambulance |
Up to SI Any mode of transport, such as road, air, etc. |
Organ Donor Cover |
Up to SI |
Up to SI |
Cumulative Bonus Booster/Infinity Bonus (add-on) |
Yes |
Yes |
Loyalty Boost |
NA |
Yes |
Money Back |
NA |
Yes |
Tenure Multiplier |
NA |
Yes |
Be-Fit (add-on) |
Yes |
|
Wellness Discount |
Yes |
Yes |
Domiciliary Hospitalisation |
Up to SI |
Up to SI |
Health Care Services |
Up to SI |
Up to SI |
*Disclaimer: The sum insured option of 5 lakh is not available for Zone-1 cities.
Benefits of Our Family Health Insurance Plan
The best mediclaim policy for family covers all the family members under one insurance plan. Apart from this, there are various other benefits of investing in a family health insurance, like: The premium of the best health insurance for a family is lower than that of individual health plans. If you are looking for good health insurance for family, take a look at the other benefits of family health plans:
Unlimited Care
One claim in the lifetime of the policy without any limits on the Sum Insured can be raised under the mediclaim for family. Opt-in is optional and available at policy inception only.
Up to 100% Cumulative Bonus
We reward your family for maintaining good health by offering a cumulative bonus of up to 100% of SI, irrespective of claims made.
Unlimited Automatic Recharge
A growing family’s healthcare needs are diverse and never-ending. Thus, we offer you a family health policy that never runs out of coverage amount, with the benefit of unlimited automatic recharge of the sum insured.
Premium Payback
In case no hospitalisation-related claim is made for the preceding 5 consecutive policy years, then the first policy year premium of the base plan shall be refunded in every block of 5 years, subject to subsequent renewal of the policy.
Loyalty Boost
An additional SI equal to the first policy year’s sum insured will be added to policy coverage after 7 consecutive claim-free years, once in a policy lifetime.
With Care Family Health Insurance Policies, you can customise the policy features to match your family's healthcare needs. You can opt for adequate coverage amount and tenure while choosing the required set of additional benefits.
Infinity Bonus
Boost your coverage by 100% of the SI upon each renewal, regardless of claims made. There’s no upper limit to the benefit.
Medi Voucher
Two pharmacy vouchers of Rs 250 each per policy shall be provided on the 1st renewal.
Annual Health Check-Up
With the annual health check-up add-on benefit, you can ensure that all elderly insured members’ health is tracked promptly. Under this benefit, you can avail yourself of a cashless health check-up for all adult-insured members at any of the Care Health Insurance network labs once a year, as per the standard terms and conditions.
Complete Health Coverage
Our Family Health Insurance Plans offer coverage and benefits, including pre- and post-hospitalisation, day-care treatment, and ambulance cover. Family health plans also provide benefits like cumulative bonuses, annual health check-ups, automatic recharge of the sum insured, and more.
Cashless Treatment
With our vast network of 21700+ cashless healthcare providers, you get worry-free hospital stays. We promise quality medical care at the best price. Our network hospitals ensure timely healthcare services without financial stress.
Customisable Health Benefits
Apart from the built-in features of the chosen policy, you can also add optional benefits to the best health insurance for family as per your requirements. For example, Cumulative Bonus Super, Modification of PED Wait Period, or Instant Cover. Our curated family health insurance India options are built to meet diverse needs. You can opt for an adequate coverage amount and tenure while choosing the required set of additional benefits.
Freedom to Add Members
A family health cover provides you with the flexibility to add new members to the existing plan. In a family floater medical insurance plan, you can add a child between 91-180 days mid-year; if older, add them at renewal. Spouse can be added only at renewal.In order to add a new member, you only need to inform the insurer, fill out the Change Request Form they gave you upon visiting the branch office, and pay an additional premium.
Policy Portability
If the person is continuously covered without lapses, they can port the entire policy (including all family members) to another insurer. Then the insured person can receive continuity benefits as per the IRDAI rules. According to IRDAI porting guidelines, the porting must be made at least 30 days before the policy, but not more than 60 days. Documents required for portability are- portability form, copy of the existing policy, KYC details, and documents related to claim listing (if any).